1
Portfolio of Investments May 31, 2026
NNY
(Unaudited)
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
LONG-TERM INVESTMENTS - 98.3%   
X
164,419,822
MUNICIPAL BONDS - 98.3%  
X
–
CONSUMER STAPLES - 2.8%
$
1,100,000
Erie County Tobacco Asset Securitization Corporation, New York,
Tobacco Settlement Asset-Backed Bonds, Series 2005A
5
.000
%
06/01/38
$
1,019,782
320,000
New York Counties Tobacco Trust VI, New York, Tobacco
Settlement Pass-Through Bonds, Series Series 2016A-1
5
.625
06/01/35
324,726
3,440,000
New York Counties Tobacco Trust VI, New York, Tobacco
Settlement Pass-Through Bonds, Series Series 2016A-1
5
.750
06/01/43
3,356,283
TOTAL CONSUMER STAPLES
4,700,791
EDUCATION AND CIVIC ORGANIZATIONS - 12.8%
640,000
Buffalo and Erie County Industrial Land Development
Corporation, New York, Revenue Bonds, Enterprise Charter
School Project, Series 2011A
7
.500
12/01/40
640,049
1,250,000
Build New York City Resource Corporation, New York, Revenue
Bonds, City University of New York - Queens College, Q Student
Residences, LLC Project, Refunding Series 2014A
5
.000
06/01/43
1,250,609
100,000
Build New York City Resource Corporation, New York, Revenue
Bonds, Classical Charter Schools Series 2023A
4
.500
06/15/43
93,789
140,000
Build New York City Resource Corporation, New York, Revenue
Bonds, Classical Charter Schools Series 2023A
4
.750
06/15/58
122,844
1,015,000
Build New York City Resource Corporation, New York, Revenue
Bonds, KIPP New York City Public School Facilities, Canal West
Project, Series 2022
5
.250
07/01/62
1,021,532
250,000
(a)
Build NYC Resource Corporation Revenue Bonds, New York, East
Harlem Scholars Academy Charter School Project, Series 2022
(Social Bonds)
5
.750
06/01/62
241,014
210,000
(a)
Build NYC Resource Corporation, New York, Revenue Bonds,
Family Life Academy Charter School, Series 2020C-1
5
.000
06/01/40
201,658
385,000
(a)
Build NYC Resource Corporation, New York, Revenue Bonds,
Richmond Preparatory Charter School Project, Social Impact
Project Series 2021A
5
.000
06/01/56
304,361
275,000
(a)
Dormitory Authority of the State of New York, General Revenue
Bonds, American Musical and Dramatic Academy Inc., Series
2023A
7
.250
07/01/53
284,994
1,080,000
Dormitory Authority of the State of New York, General Revenue
Bonds, Yeshiva University, Series 2022A
5
.000
07/15/50
1,057,256
1,000,000
Dormitory Authority of the State of New York, Housing Revenue
Bonds, Fashion Institute of Technology, Series 2007 - FGIC
Insured
5
.250
07/01/34
1,060,792
1,330,000
Dormitory Authority of the State of New York, Revenue Bonds,
Icahn School of Medicine at Mount Sinai, Refunding Series
2015A
5
.000
07/01/40
1,331,319
2,180,000
Dormitory Authority of the State of New York, Revenue Bonds,
Icahn School of Medicine at Mount Sinai, Refunding Series
2015A
5
.000
07/01/45
2,180,168
1,000,000
Dormitory Authority of the State of New York, Revenue Bonds,
New School University, Series 2016A
5
.000
07/01/41
1,003,957
385,000
Dormitory Authority of the State of New York, Revenue Bonds,
New School University, Series 2022A
4
.000
07/01/47
346,083
2,760,000
Dormitory Authority of the State of New York, Revenue Bonds,
New York University, Series 2016A
5
.000
07/01/35
2,764,254
175,000
Dormitory Authority of the State of New York, Revenue Bonds,
New York University, Series 2018A
5
.000
07/01/48
177,783
2,625,000
Dormitory Authority of the State of New York, Revenue Bonds,
Rockefeller University, Green Series 2019B
5
.000
07/01/50
2,673,924
670,000
Dormitory Authority of the State of New York, Revenue Bonds,
Rockefeller University, Series 2022A
4
.000
07/01/42
667,261
845,000
(a)
Dormitory Authority of the State of New York, Revenue Bonds,
Vaughn College of Aeronautics & Technology, Series 2016A
5
.500
12/01/36
807,754
725,000
Glen Cove Local Economic Assistance Corporation, New York,
Revenue Bonds, Garvies Point Public Improvement Project,
Capital Appreciation Series 2016C
5
.625
01/01/55
663,594
Portfolio of Investments May 31, 2026
(continued)
NNY
2
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
EDUCATION AND CIVIC ORGANIZATIONS
(continued)
$
405,000
New York City Industrial Development Agency, New York, PILOT
Payment in Lieu of Taxes Revenue Bonds, Queens Baseball
Stadium Project, Refunding Series 2021A - AGM Insured
3
.000
%
01/01/37
$
379,820
3,000,000
New York City Industrial Development Agency, New York, PILOT
Payment in Lieu of Taxes Revenue Bonds, Yankee Stadium
Project, Series 2009A - AGC Insured
0
.000
03/01/40
1,662,218
500,000
New York City Industrial Development Agency, New York, PILOT
Payment in Lieu of Taxes Revenue Bonds, Yankee Stadium
Project, Series 2020A - AGM Insured
4
.000
03/01/45
480,418
TOTAL EDUCATION AND CIVIC ORGANIZATIONS
21,417,451
FINANCIALS - 0.7%
1,000,000
Liberty Development Corporation, New York, Goldman Sachs
Headquarters Revenue Bonds Series 2007
5
.500
10/01/37
1,169,666
TOTAL FINANCIALS
1,169,666
HEALTH CARE - 16.0%
1,170,000
Albany Capital Resource Corporation, New York, Revenue Bonds,
Albany Medical Center Hospital Series 2025A
5
.500
05/01/55
1,248,974
1,430,000
Dormitory Authority of the State of New York, General Revenue
Bonds, Northwell Health Obligated Group, Series 2022A
4
.000
05/01/45
1,339,365
2,700,000
Dormitory Authority of the State of New York, General Revenue
Bonds, Northwell Health Obligated Group, Series 2022A
4
.250
05/01/52
2,477,112
1,000,000
Dormitory Authority of the State of New York, General Revenue
Bonds, Northwell Health Obligated Group, Series 2022A
5
.000
05/01/52
1,017,304
2,270,000
Dormitory Authority of the State of New York, General Revenue
Bonds, Northwell Health Obligated Group, Series 2024A
5
.250
05/01/54
2,342,947
2,000,000
Dormitory Authority of the State of New York, Revenue Bonds,
Memorial Sloan Kettering Cancer Center Series 2022-1A
4
.000
07/01/51
1,816,533
2,100,000
Dormitory Authority of the State of New York, Revenue Bonds,
Montefiore Obligated Group, Series 2018A
5
.000
08/01/34
2,144,055
935,000
Dormitory Authority of the State of New York, Revenue Bonds,
Mount Sinai Health Obligated Group, Series 2025
5
.250
07/01/50
941,464
2,000,000
Dormitory Authority of the State of New York, Revenue Bonds,
NYU Langone Hospitals Obligated Group, Series 2020A
4
.000
07/01/50
1,779,407
1,040,000
Dormitory Authority of the State of New York, Revenue Bonds,
NYU Langone Hospitals Obligated Group, Series 2020A
4
.000
07/01/53
900,832
800,000
(a)
Dormitory Authority of the State of New York, Revenue Bonds,
Orange Regional Medical Center Obligated Group, Series 2017
5
.000
12/01/32
795,301
1,160,000
(a)
Dormitory Authority of the State of New York, Revenue Bonds,
Orange Regional Medical Center Obligated Group, Series 2017
5
.000
12/01/36
1,120,580
475,000
Dormitory Authority of the State of New York, Revenue Bonds,
Roswell Park Cancer Institute Obligated Group, Series 2025A
5
.500
07/01/55
507,464
60,000
Dormitory Authority of the State of New York, Revenue Bonds,
White Plains Hospital, Series 2024
5
.250
10/01/49
61,829
550,000
Dormitory Authority of the State of New York, Revenue Bonds,
White Plains Hospital, Series 2024
5
.500
10/01/54
583,224
3,460,000
Dutchess County Local Development Corporation, New York,
Revenue Bonds, Health Quest Systems, Inc. Project, Series 2016B
4
.000
07/01/41
3,265,091
415,000
Genesee County Funding Corporation, New York, Revenue
Bonds, Rochester Regional Health Project, Series 2025A
5
.250
12/01/50
423,617
445,000
Genesee County Funding Corporation, New York, Revenue
Bonds, Rochester Regional Health Project, Series 2025A
5
.500
12/01/55
463,021
165,000
Livingston County Industrial Development Agency, New York,
Civic Facility Revenue Bonds, Nicholas H. Noyes Hospital, Series
2005
6
.000
07/01/30
165,287
660,000
Monroe County Industrial Development Corporation, New York,
Revenue Bonds, Rochester General Hospital Project, Series 2017
5
.000
12/01/46
660,031
2,875,000
Westchester County Local Development Corporation, New York,
Revenue Bonds, Westchester Medical Center Obligated Group
Project, Refunding Series 2016
5
.000
11/01/46
2,692,992
65,000
Westchester County Local Development Corporation, New York,
Revenue Bonds, Westchester Medical Center Obligated Group
Project, Series 2023
6
.250
11/01/52
68,078
TOTAL HEALTH CARE
26,814,508
3
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
HOUSING/MULTIFAMILY - 0.1%
$
100,000
(a)
New York City Housing Development Corporation, New York,
Multi-Family Mortgage Revenue Bonds, 8 Spruce Street, Class F
Series 2024
5
.250
%
12/15/31
$
103,106
TOTAL HOUSING/MULTIFAMILY
103,106
INDUSTRIALS - 2.4%
3,930,000
(a)
New York Liberty Development Corporation, New York, Liberty
Revenue Bonds, 3 World Trade Center Project, Class 1 Series
2014
5
.000
11/15/44
3,933,193
10,000
New York Liberty Development Corporation, New York, Liberty
Revenue Bonds, 7 World Trade Center Project, Refunding Green
Series 2022A-CL2
3
.500
09/15/52
7,802
TOTAL INDUSTRIALS
3,940,995
LONG-TERM CARE - 0.2%
220,000
Dormitory Authority of the State of New York, Non-State
Supported Debt, Ozanam Hall of Queens Nursing Home
Revenue Bonds, Series 2006
5
.000
11/01/31
223,094
100,000
Monroe County Industrial Development Corporation, New York,
Revenue Bonds, Saint Ann's Community Project, Series 2019
5
.000
01/01/40
100,152
TOTAL LONG-TERM CARE
323,246
MATERIALS - 0.3%
490,000
(a)
Build New York City Resource Corporation, New York, Solid
Waste Disposal Revenue Bonds, Pratt Paper NY, Inc. Project,
Series 2014, (AMT)
5
.000
01/01/35
490,641
TOTAL MATERIALS
490,641
TAX OBLIGATION/GENERAL - 9.3%
1,000,000
Nassau County, New York, General Obligation Bonds, General
Improvement Bonds Series 2019B - AGM Insured
5
.000
04/01/44
1,049,069
5,000,000
Nassau County, New York, General Obligation Bonds, General
Improvement Series 2022A - AGM Insured
4
.125
04/01/47
4,842,876
1,000,000
New York City, New York, General Obligation Bonds, Fiscal 2018
Series E-1
5
.000
03/01/40
1,022,502
835,000
New York City, New York, General Obligation Bonds, Fiscal 2020
SeriesD-1
4
.000
03/01/50
759,238
1,900,000
New York City, New York, General Obligation Bonds, Fiscal 2022
Series A-1
5
.000
08/01/47
1,951,168
1,000,000
New York City, New York, General Obligation Bonds, Fiscal 2025
Series A
5
.000
08/01/38
1,103,582
1,250,000
New York City, New York, General Obligation Bonds, Fiscal 2026
Series A-1
5
.250
08/01/53
1,314,035
3,000,000
New York City, New York, General Obligation Bonds, Fiscal 2026
Series D
5
.250
10/01/51
3,167,621
409,000
Puerto Rico, General Obligation Bonds, Restructured Series
2022A-1
4
.000
07/01/41
389,814
TOTAL TAX OBLIGATION/GENERAL
15,599,905
TAX OBLIGATION/LIMITED - 17.7%
1,290,000
Battery Park City Authority, New York, Revenue Bonds, Senior
Sustainability Green Series 2025
5
.250
11/01/55
1,378,848
1,000,000
Dormitory Authority of the State of New York, State Personal
Income Tax Revenue Bonds, General Purpose, Bidding Group 1
Through 5, Series 2020A
4
.000
03/15/44
975,644
3,000,000
Dormitory Authority of the State of New York, State Sales Tax
Revenue Bonds, Series 2017A Group C
5
.000
03/15/41
3,037,453
2,000,000
Dormitory Authority of the State of New York, State Sales Tax
Revenue Bonds, Series 2025A
4
.250
03/15/48
1,918,233
540,000
Hudson Yards Infrastructure Corporation, New York, Revenue
Bonds, Second Indenture Fiscal 2017 Series A
5
.000
02/15/39
546,295
2,465,000
New York City Transitional Finance Authority, New York, Building
Aid Revenue Bonds, Fiscal 2020 Subseries S-1B
4
.000
07/15/43
2,410,976
1,125,000
New York City Transitional Finance Authority, New York, Future
Tax Secured Bonds, Subordinate Fiscal 2017 Series E-1
5
.000
02/01/39
1,136,830
1,000,000
New York City Transitional Finance Authority, New York, Future
Tax Secured Bonds, Subordinate Fiscal 2017 Series E-1
5
.000
02/01/43
1,008,556
Portfolio of Investments May 31, 2026
(continued)
NNY
4
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
TAX OBLIGATION/LIMITED
(continued)
$
1,875,000
New York City Transitional Finance Authority, New York, Future
Tax Secured Bonds, Subordinate Fiscal 2026 Subseries Series A-1
5
.000
%
05/01/54
$
1,933,536
1,000,000
New York City Transitional Finance Authority, New York, Future
Tax Secured Bonds, Subordinate Fiscal Series 2023F-1
4
.000
02/01/51
917,449
2,120,000
New York City Transitional Finance Authority, New York, Future
Tax Secured Bonds, Subordinate Fiscal Series 2025D
4
.250
05/01/54
1,989,152
565,000
New York City Transitional Finance Authority, New York, Future
Tax Secured Bonds, Subordinate Fiscal Series 2025H-1
5
.250
11/01/48
600,113
1,685,000
New York State Thruway Authority, State Personal Income Tax
Revenue Bonds, Bidding Group 1 Series 2022A
5
.000
03/15/45
1,776,258
1,000,000
New York State Urban Development Corporation, State Personal
Income Tax Revenue Bonds, General Purpose Group 1, Series
2019A
4
.000
03/15/48
919,329
2,000,000
New York State Urban Development Corporation, State Personal
Income Tax Revenue Bonds, General Purpose, Series 2020C
4
.000
03/15/49
1,860,238
6,509,000
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue
Bonds, Restructured 2018A-1
0
.000
07/01/51
1,748,163
3,218,000
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue
Bonds, Restructured 2018A-1
5
.000
07/01/58
3,180,009
17,000
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue
Bonds, Taxable Restructured Cofina Project Series 2019A-2
4
.536
07/01/53
15,864
1,030,000
Triborough Bridge and Tunnel Authority, New York, Payroll
Mobility Tax Bonds, Senior Lien Series 2022 A
4
.000
05/15/51
932,241
90,000
Triborough Bridge and Tunnel Authority, New York, Payroll
Mobility Tax Bonds, Senior Lien Subseries 2021A-1
5
.000
05/15/51
92,026
355,000
Triborough Bridge and Tunnel Authority, New York, Payroll
Mobility Tax Senior Lien Bonds, Series 2022C
4
.125
05/15/52
329,446
1,000,000
Triborough Bridge and Tunnel Authority, New York, Sales Tax
Revenue Bonds, MTA Bridges & Tunnels, TBTA Capital Lockbox-
City Sales Tax Series 2023A
4
.250
05/15/58
947,345
TOTAL TAX OBLIGATION/LIMITED
29,654,004
TRANSPORTATION - 21.3%
785,000
Build NYC Resource Corporation, New York, Airport Facilities
Revenue Bonds. TrIPs Obligated Group, Senior Series 2025,
(AMT)
5
.500
07/01/50
815,482
970,000
Metropolitan Transportation Authority, New York, Transportation
Revenue Bonds, Green Climate Bond Certified Series 2020C-1
5
.000
11/15/50
979,915
1,950,000
Metropolitan Transportation Authority, New York, Transportation
Revenue Bonds, Green Refunding Series 2024B
4
.000
11/15/44
1,855,601
2,000,000
(b)
New York City Industrial Development Agency, New York, Civic
Facility Revenue Bonds, Bronx Parking Development Company,
LLC Project, Series 2007
2
.300
10/01/37
1,240,000
1,500,000
(b)
New York City Industrial Development Agency, New York, Civic
Facility Revenue Bonds, Bronx Parking Development Company,
LLC Project, Series 2007
2
.350
10/01/46
930,000
1,255,000
New York Transportation Development Corporation, New York,
Facility Revenue Bonds, Thruway Service Areas Project, Series
2021, (AMT)
4
.000
10/31/41
1,229,643
290,000
New York Transportation Development Corporation, New York,
Facility Revenue Bonds, Thruway Service Areas Project, Series
2021, (AMT)
4
.000
10/31/46
267,097
1,830,000
New York Transportation Development Corporation, New York,
Facility Revenue Bonds, Thruway Service Areas Project, Series
2021, (AMT)
4
.000
04/30/53
1,620,866
400,000
New York Transportation Development Corporation, New
York, Special Facilities Bonds, LaGuardia Airport Terminal B
Redevelopment Project, Series 2016A, (AMT)
5
.000
07/01/46
399,998
3,815,000
New York Transportation Development Corporation, New
York, Special Facilities Bonds, LaGuardia Airport Terminal B
Redevelopment Project, Series 2016A, (AMT)
5
.250
01/01/50
3,815,245
5
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
TRANSPORTATION
(continued)
$
1,000,000
New York Transportation Development Corporation, New York,
Special Facilities Revenue Bonds, Terminal 6 John F Kennedy
International Airport Redevelopment Project, Senior Green Series
2024A, (AMT)
5
.250
%
12/31/54
$
1,025,823
2,130,000
New York Transportation Development Corporation, New York,
Special Facilities Revenue Bonds, Terminal 6 John F Kennedy
International Airport Redevelopment Project, Senior Green Series
2024A, (AMT)
5
.500
12/31/60
2,164,153
175,000
New York Transportation Development Corporation, New York,
Special Facility Revenue Bonds, American Airlines, Inc. John F
Kennedy International Airport Project, Refunding Series 2016,
(AMT)
5
.000
08/01/26
175,109
2,625,000
New York Transportation Development Corporation, New York,
Special Facility Revenue Bonds, American Airlines, Inc. John F
Kennedy International Airport Project, Refunding Series 2016,
(AMT)
5
.000
08/01/31
2,624,933
105,000
New York Transportation Development Corporation, New York,
Special Facility Revenue Bonds, American Airlines, Inc. John F
Kennedy International Airport Project, Series 2020, (AMT)
5
.375
08/01/36
109,370
500,000
New York Transportation Development Corporation, New York,
Special Facility Revenue Bonds, John F Kennedy International
Airport New Terminal 1 Project, Green Series 2024, (AMT)
5
.500
06/30/60
506,562
355,000
New York Transportation Development Corporation, New York,
Special Facility Revenue Bonds, New Terminal 1 John F Kennedy
International Airport Project, Green Series 2023, (AMT)
6
.000
06/30/54
370,132
1,515,000
New York Transportation Development Corporation, New York,
Special Facility Revenue Bonds, New Terminal 1 John F Kennedy
International Airport Project, Green Series 2023, (AMT)
5
.375
06/30/60
1,522,297
340,000
New York Transportation Development Corporation, New York,
Special Facility Revenue Bonds, Terminal 4 John F Kennedy
International Airport Project, Series 2020C
5
.000
12/01/35
363,415
1,785,000
New York Transportation Development Corporation, New York,
Special Facility Revenue Bonds, Terminal 4 John F Kennedy
International Airport Project, Series 2022, (AMT)
5
.000
12/01/35
1,907,452
2,000,000
New York Transportation Development Corporation, Special
Facility Revenue Bonds, Delta Air Lines, Inc. - LaGuardia Airport
Terminals C&D Redevelopment Project, Series 2018, (AMT)
5
.000
01/01/27
2,024,536
400,000
New York Transportation Development Corporation, Special
Facility Revenue Bonds, Delta Air Lines, Inc. - LaGuardia Airport
Terminals C&D Redevelopment Project, Series 2018, (AMT)
5
.000
01/01/28
412,359
850,000
New York Transportation Development Corporation, Special
Facility Revenue Bonds, Delta Air Lines, Inc. - LaGuardia Airport
Terminals C&D Redevelopment Project, Series 2018, (AMT)
5
.000
01/01/31
871,868
400,000
New York Transportation Development Corporation, Special
Facility Revenue Bonds, Delta Air Lines, Inc. - LaGuardia Airport
Terminals C&D Redevelopment Project, Series 2020, (AMT)
5
.000
10/01/40
410,940
1,000,000
New York Transportation Development Corporation, Special
Facility Revenue Bonds, Delta Air Lines, Inc. - LaGuardia Airport
Terminals C&D Redevelopment Project, Series 2023, (AMT)
6
.000
04/01/35
1,103,661
1,930,000
Port Authority of New York and New Jersey, Consolidated
Revenue Bonds, Two Hundred Eleventh Series 2018
4
.000
09/01/43
1,910,319
800,000
Port Authority of New York and New Jersey, Consolidated
Revenue Bonds, Two Hundred Fifth Series 2017
5
.000
11/15/42
818,183
1,000,000
Port Authority of New York and New Jersey, Consolidated
Revenue Bonds, Two Hundred Twentieth Series 2019, (AMT)
4
.000
11/01/59
870,799
1,155,000
Triborough Bridge and Tunnel Authority, New York, General
Purpose Revenue Bonds, Refunding Subordinate Lien Series
2017A2
5
.000
11/15/42
1,172,589
2,000,000
Triborough Bridge and Tunnel Authority, New York, General
Revenue Bonds, Refunding Series 2018C
5
.000
11/15/37
2,085,727
TOTAL TRANSPORTATION
35,604,074
Portfolio of Investments May 31, 2026
(continued)
NNY
6
All percentages shown in the Portfolio of Investments are based on net assets applicable to common shares unless otherwise noted.
Part F of Form N-PORT was prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) and in conformity with the
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
UTILITIES - 14.7%
$
3,440,000
Long Island Power Authority, New York, Electric System General
Revenue Bonds, Green Series 2023E
5
.000
%
09/01/53
$
3,558,124
580,000
Long Island Power Authority, New York, Electric System General
Revenue Bonds, Series 2016B
5
.000
09/01/46
580,983
3,000,000
New York City Municipal Water Finance Authority, New York,
Water and Sewer System Second General Resolution Revenue
Bonds, Fiscal 2018 Series CC-1
5
.000
06/15/48
3,027,704
2,200,000
New York City Municipal Water Finance Authority, New York,
Water and Sewer System Second General Resolution Revenue
Bonds, Fiscal 2020 Series EE
4
.000
06/15/42
2,176,653
1,145,000
New York City Municipal Water Finance Authority, New York,
Water and Sewer System Second General Resolution Revenue
Bonds, Fiscal 2023 Series AA-1
5
.250
06/15/52
1,204,108
500,000
(c)
New York Energy Finance Development Corporation, Energy
Supply Revenue Bonds, Series 2025, (Mandatory Put 12/01/33)
5
.000
07/01/56
517,437
1,000,000
New York State Environmental Facilities Corporation, State Clean
Water and Drinking Water Revolving Funds Revenue Bonds, New
York City Municipal Water Finance Authority Projects-Second
Resolution Bonds, Subordinated SRF Series 2017A
5
.000
06/15/46
1,012,644
1,300,000
New York State Environmental Facilities Corporation, State Clean
Water and Drinking Water Revolving Funds Revenue Bonds, New
York City Municipal Water Finance Authority Projects-Second
Resolution Bonds, Subordinated SRF Series 2017E
5
.000
06/15/47
1,315,004
1,895,000
New York State Environmental Facilities Corporation, State Clean
Water and Drinking Water Revolving Funds Revenue Bonds, New
York City Municipal Water Finance Authority Projects-Second
Resolution Bonds, Subordinated SRF Series 2022A
5
.000
06/15/51
1,969,843
2,000,000
New York State Environmental Facilities Corporation, State
Revolving Funds Revenue Bonds, Green Series 2022B
5
.250
09/15/52
2,108,343
780,000
New York State Power Authority, General Revenue Bonds, Green
Series 2024A
4
.000
11/15/54
708,965
5,000,000
New York State Power Authority, General Revenue Bonds, Series
2020A
4
.000
11/15/55
4,508,736
650,000
New York State Power Authority, Green Transmission Project
Revenue Bonds, Green Series 2023A - AGM Insured
5
.000
11/15/48
682,616
500,000
(a)
Niagara Area Development Corporation, New York, Solid Waste
Disposal Facility Revenue Refunding Bonds, Covanta Energy
Project, Series 2018A, (AMT)
4
.750
11/01/42
452,674
775,000
(a)
Puerto Rico Aqueduct and Sewerage Authority, Revenue Bonds,
Refunding Senior Lien Series 2020A
5
.000
07/01/47
777,601
TOTAL UTILITIES
24,601,435
TOTAL MUNICIPAL BONDS
(Cost $164,403,002)
164,419,822
TOTAL LONG-TERM INVESTMENTS
(Cost $164,403,002)
164,419,822
OTHER ASSETS & LIABILITIES, NET - 1.7%
2,912,377
NET ASSETS APPLICABLE TO COMMON SHARES - 100%
$
167,332,199
AMT
Alternative Minimum Tax
(a)
Security is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities are deemed liquid
and may be resold in transactions exempt from registration, which are normally those transactions with qualified institutional buyers.
As of the end of the fiscal period, the aggregate value of these securities is $9,512,877 or 5.8% of Total Investments.
(b)
Defaulted security. A security whose issuer has failed to fully pay principal and/or interest when due, or is under the protection of
bankruptcy.
(c)
Floating or variable rate security includes the reference rate and spread, when applicable.  For mortgage-backed or asset-backed
securities the variable rate is based on the underlying asset of the security. Coupon rate reflects the rate at period end.
7
applicable rules and regulations of the U.S. Securities and Exchange Commission (“SEC”) related to interim filings. Part F of Form N-PORT does not
include all information and footnotes required by U.S. GAAP for complete financial statements. Certain footnote disclosures normally included in
financial statements prepared in accordance with U.S. GAAP have been condensed or omitted from this report pursuant to the rules of the SEC. For
a full set of the Fund’s notes to financial statements, please refer to the Fund’s most recently filed annual or semi-annual report.
Fair Value Measurements
The Fund’s investments in securities are recorded at their estimated fair value utilizing valuation methods approved by the Board of Directors/
Trustees. Fair value is defined as the price that would be received upon selling an investment or transferring a liability in an orderly transaction to an
independent buyer in the principal or most advantageous market for the investment. U.S. GAAP establishes the three-tier hierarchy which is used to
maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements
for disclosure purposes. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs
are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect management’s assumptions about
the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the
circumstances. The following is a summary of the three-tiered hierarchy of valuation input levels.
Level 1 – Inputs are unadjusted and prices are determined using quoted prices in active markets for identical securities.
Level 2 – Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, credit
spreads, etc.).
Level 3 – Prices are determined using significant unobservable inputs (including management’s assumptions in determining the fair value of
investments).
The following table summarizes the market value of the Fund's investments as of the end of the reporting period, based on the inputs used to value
them:
NNY
Level 1
Level 2
Level 3
Total
Long-Term Investments:
Municipal Bonds
$
–
$
164,419,822
$
–
$
164,419,822
Total
$
–
$
164,419,822
$
–
$
164,419,822